5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. SELFtest...


5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue<br>as a function of advertising expenditures. Historical data for a sample of eight weeks follow.<br>SELFtest<br>Weekly<br>Gross Revenue<br>Television<br>Advertising<br>($1000s)<br>Newspaper<br>Advertising<br>($1000s)<br>($1000s)<br>96<br>5.0<br>1.5<br>90<br>2.0<br>2.0<br>DATA file<br>4.0<br>95<br>1.5<br>Showtime<br>92<br>2.5<br>2.5<br>3.3N<br>95<br>3.0<br>94<br>3.5<br>2.3<br>94<br>2.5<br>4.2<br>94<br>3.0<br>2.5<br>a. Develop an estimated regression equation with the amount of television advertisine<br>as the independent variable.<br>b. Develop an estimated regression equation with both television advertising and news-<br>paper advertising as the independent variables.<br>Is the estimated regression equation coefficient for television advertising expenditures<br>the same in part (a) and in part (b)? Interpret the coefficient in each case.<br>d. Predict weekly gross revenue for a week when $3500 is spent on television advertising<br>and $1800 is spent on newspaper advertising.<br>C.<br>6.<br>The Nationol Foot<br>

Extracted text: 5.) The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follow. SELFtest Weekly Gross Revenue Television Advertising ($1000s) Newspaper Advertising ($1000s) ($1000s) 96 5.0 1.5 90 2.0 2.0 DATA file 4.0 95 1.5 Showtime 92 2.5 2.5 3.3N 95 3.0 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 a. Develop an estimated regression equation with the amount of television advertisine as the independent variable. b. Develop an estimated regression equation with both television advertising and news- paper advertising as the independent variables. Is the estimated regression equation coefficient for television advertising expenditures the same in part (a) and in part (b)? Interpret the coefficient in each case. d. Predict weekly gross revenue for a week when $3500 is spent on television advertising and $1800 is spent on newspaper advertising. C. 6. The Nationol Foot

Jun 08, 2022
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